World Insurance Associates (World) Acquires O'Brien and Gibbons (OBG)
Sica | Fletcher advises O'Brien and Gibbons in its sale to World Insurance Associates
Overview of Transaction
Originally founded in 1961, OBG is a retail insurance agency located in Worcester,
With a focus on small commercial and personal lines, the Company is a generalist
with some key real estate and contractor client relationships.
OBG agreed to partner with World Insurance Associates, a top 100 Independent
Significance of Transaction
The acquisition of OBG provides World with an opportunity to cross-sell its non-P&C
The acquisition will allow provide the OBG team with robust resources, as well as
the support to target larger accounts with more complex risks.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to OBG
and explored multiple options for the firm before its decision to partner with World.
This transaction underscores Sica | Fletcher's unparalleled relationships with top-tier investors in the insurance sector.